Bittrex- Introduction

Today, we will talk about the Bittrex exchange. In this article, we will review about how a user can open an account on the Bittrex, its merits demerits, public reviews about the exchange, its customer support, fee structure and in the end answer to frequently asked questions from the user point of view. Bittrex is one of the largest cryptocurrency exchange it is functioning in the USA since 2014. It is secure to use Bittrex because no hacks and fraud reported regarding this exchange. Bittrex the next generation cryptocurrency platform, initiated by the collaboration of some security professionals of USA. According to them, they are the crypto-coin fundamentalists giving the joint experience of security and development to the business companies containing Amazon, Microsoft, BlackBerry, and Qualys. Given reliability issues and the security issues experienced by the market they thought of building a faster and secure trading platform because if the medium of exchange is not trustworthy the trade of virtual currencies cannot boost. It provides business companies and individuals a world-class experience to sell and buy the digital tokens and crypto-currencies. It provides stable wallets, fast trade, and best security practices.

Bittrex Review

Bittrex is a US-based cryptocurrency exchange, and it is a popular firm among cryptocurrency traders. The growth graph for Bittrex exchange is continuous that made it the most preferred exchange of the altcoin market. Another reason for the Bittrex success is the experienced security professionals develop it, and these professionals aim to develop a fast, reliable and simple exchange for the exchange of currency. Different exchanges suffered from the hacks in this industry, so users appreciate an exchange does not have any history. Bittrex has no such history its strategy for security is really good that nobody hacked it ever. The CEO of the firm Bill Shihara who has an experience of 11 years with Microsoft Windows operating systems and security team, so he had developed a secure system with the assistance of his team that is not prone to hacks faced by other exchanges.

How can you pay at Bittrex? Currency Support

A user can participate in trading after verifying his account. It offers an excellent variety of altcoins as compared to other exchange available for cryptocurrency exchange. About 250 altcoins are available for trading against Ethereum, Bitcoin, and fiat currency in the form of BitCNY and USD-Tether. Bittrex is also working on adding new altcoins in the exchange by carefully knowing the source code for these coins and removing inactive coins. Bittrex organization believes in producing a list of coins based on their quality not on their quantity.

In which Countries Bittrex has offices? Geographical locations

Bittrex is a US-based exchange. The office of the exchange is in the USA. According to the message of Bittrex exchange, they are based in the United States and collaborated with the experts of USA financial law to confirm that they remain in obedience with the ever-changing legal laws and always remain available to the worldwide community. The firm determination and the obedience to the legal rights make Bittrex the first company of New York who applied for Bit license. The license allows Bittrex exchange to serve New York customers proudly.

Bittrex Fees?

The trading fees on Bittrex is slightly higher as compared to other exchanges. Moreover, they do not offer a rebate for high volume trades, and neither do they offer any advantages for takers and makers. A 0.25% fixed commission is applied to all the trades for both makers and taker. If the user’s order did not execute due to the link down purpose, the full amount refund upon the cancelation of the order. There is no deposit or withdrawal fee while the user has to pay trading fees. The rigidity in fee structure reduces the customers from joining Bittrex exchange. Since 2014, Bittrex experiences a visible increase in its trading volume. Now the exchange is catching up to Poloniex the highest volume altcoin exchange. Within three years Bittrex raises its trading volume from 0.1% to 0.5% of Poloniex volume, and they also make trading easy, reliable and fast as compared to the Poloniex exchange.

User Security at Bittrex?

The security is the biggest priority of the Bittrex exchange because the security professionals of USA build it. They applied most reliable technological skills. They applied an elastic multi-stage wallet strategy to ensures that very few funds must be online and about 90 percent of the funds are offline. 2AF authentication is must step at user’s end. Make your password unique and complex so that nobody can crack it. The user can secure his account further by enabling the 2-factor authentication on his Bittrex and email accounts. A user should avoid SMS two factors where it is possible.

How responsive is the Customer Support of the Bittrex?

The customer support of the Bittrex is extensive. They tried to give every single detail related to an opening account on the Bittrex to trading options, from the withdrawal of funds to the security. But if a user cannot get help related to his issue he can submit a request to the website. The Bittrex exchange will respond to your request as soon as it is possible for them and it is recommended by the Bittrex exchange to narrate your issue in detail.

Public Opinions/ Online Reviews about Bittrex

People have different reviews about a thing same is the case with the Bittrex exchange. Some people have positive reviews about Bittrex. According to them, it is a fast exchange, a user create an account, and in 30 minutes he was able to transfer money which means a user can create an account faster than any other exchange. Similarly, people are frustrated from the customer support of the Bittrex exchange. Many people reported that they faced issues in trading and they contacted the customer support but the customer support did not answer their emails, and they do not have any phone number so people can call them. So, for few people, it is a scam.

Our Concluding Remarks – Is Bittrex a good Exchange?

Yes, it is good to use Bittrex exchange because it is easy, reliable and fast exchange for cryptocurrencies. Bittrex is good for beginners and for traders looking for a secure platform to trade with a variety of altcoins. Moreover, its growth in last three years makes it more appealing among the people worldwide. But nowadays they are working on expanding Bittrex exchange, so registration for new accounts temporarily closed by the exchange. Its security techniques are very advanced that it does not face any security breach.

How to trade at Bittrex? Complete Trading Guide

For transferring funds, select the wallets from the main menu and search the cryptocurrency you are interested in, for example, in this case, it is Ether. Select ETH and click on the “+” button next to the symbol of the currency. A new window comes up which shows the deposit currency address to which user wants to transfer the funds. It is recommended to use the small amount at first to make sure everything is working properly. You can transfer funds if you do not have any wallet but if you have wallet go to the wallet and select send Ether from the main menu. To address field add the address you received for deposit ETH, check the destination address carefully. Select the amount of the Ether you want to transfer and click on the button generate the transaction. Now send transaction button will show at the bottom of the page. Click on the button next window will show up click on the yes, “I ‘m sure” button to confirm the transfer. Once the exchange user processes the transfer will receive ETH in its Bittrex account. First of all, it will show that the deposit is pending, and then the balance is available will be appeared in few minutes.

How to Open Account at Bittrex?

Like all other exchanges, a user can open an account on the Bittrex exchange by following few steps. First of all, he has to go to the official website of the exchange. The web address of the exchange is www.bittrex.com. The user interfaces prompt up; it contains several options including About, Currencies, Market, Contacts and Login. So to start with Bittrex a user needs to open an account on the Bittrex by clicking on the “Sign In” key at the top right corner of the user interface.

Open account at Bittrex

For creating a new account, a user needs to click on the “Sign- Up” button to create an account on the Bittrex. Or He can use another method by clicking on the Get start button it will also direct the user towards the page where he can open an account on the Bittrex.

As many people are moving toward the Bittrex business so many exchanges are facing surge same is with Bittrex. They have closed new registration nowadays to expand their exchange capacity for the accommodation of new users. So account opening is closed but if the user wanted to trade via Bittrex than he can register his email to get updates related to registration opening on Bittrex.

Frequently asked questions about Bittrex

How much time does it take to withdraw the funds?

Bittrex has withdrawal limits linked to the user account. If the password of the user is not same, a user cannot make a withdrawal for 24 hours. If the account has not verified his account by applying 2FA authentication protocol, then he can withdraw up to 1BTC per day. The account with no verification has a 0BTC withdrawal limit. Basic accounts can withdraw 4 BTC per day about $3000 per day.

How to contact the customer support in case of an issue?

The customer support of the Bittrex is extensive. They tried to give every single detail related to an opening account on the Bittrex to trading options, from the withdrawal of funds to the security. But if a user cannot get help related to his issue he can submit a request to the website. The Bittrex exchange will respond to your request as soon as it is possible for them and it is recommended by the Bittrex exchange to narrate your issue in detail.

How many countries does the Bittrex support worldwide?

Bittrex is a US-based exchange, and headquarter is near Los Angeles. The security professionals build it.

User privacy at Bittrex

The security of the Bittrex exchange is very high. Its privacy policy also contains safety measures concerning users account. How to collect, use and protect the user information Bittrex reserve all the rights to the information linked to its exchange. Bittrex has defined rules about using the user’s information and Bittrex reserve the right of changing the privacy policy but don’t worry user will notify of any amendments to the privacy policy.